Valor Real Estate Partners (Valor) has increased its footprint in the high conviction Paris market with the acquisition of a 2-hectare brownfield site in the core submarket of La Courneuve, where it intends to bring forward the speculative development of a 10,166 m2 modern urban distribution park.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
